Re: Dank - es wird auch steuerlich ganz eng...

verfasst von dottore, 03.11.2005, 14:44

-->Hi Cosa,

Dank für die - wie stets - exzellente Arbeit vorweg.

Also die Homer werden auch von der IRS in die Zange genommen (hier Auszüge aus der NYT heute):

Goodbye, My Sweet Deduction

By EDUARDO PORTER and DAVID LEONHARDT

There are no cows more sacred in the tax code than the deductions for mortgage interest and property taxes. Together, they add up to at least a $75 billion [!] annual subsidy for housing and homeowners. President Bush, in establishing his advisory panel on tax reform, specifically asked the group to preserve support for home ownership.

So it was quite a shock that the panel, which released its final report on Tuesday, concluded that it had no choice but to significantly trim the home mortgage deduction and eliminate state and local tax deductions if it wanted to find a way to simplify the income tax.
(...)

The panel had a powerful rationale behind its proposal: many economists say the real estate subsidy is one of the tax code's most unfair features, overwhelmingly benefiting the affluent and pulling investment from the rest of the economy into the housing sector.

But for millions of homeowners, what no doubt matters most about the plan is how it affects their bottom line. And for many of them, especially those living in houses in expensive markets in California and the Northeast, the answer is clear:

If it becomes law, the value of their homes will almost certainly fall.

(...)

The plan by the presidential panel would reduce the mortgage deduction on homes in two ways.

First, it would limit the amount of the mortgage eligible to be deducted, cutting it from the current cap of a little more $1 million to as low as $227,000 in cheaper housing markets like Springfield, Ohio, to as high as $412,000 in places like New York and many of its suburbs.

Second, families would receive a credit equal to 15 percent of the interest paid on a mortgage below the cap, rather than a deduction that can be worth as much as 35 percent for taxpayers at the high end of the income scale.

Just about everybody involved in the housing and real estate market has raised objections to this proposal...

Klar. Wird's helfen? Die Lage ist nicht einfach... Immerhin rechnet die National Association of Realtors mit einem Preisfall von 15 Perzenten. Für NY werden 20 genannt.

Und Gruß!

Beispielsrechnung noch:

A family living in Lansing, Mich., for example, with $90,000 in taxable income, would have a marginal income tax rate of 25 percent. In Lansing, the average home price is around $250,000.

If that family were to buy a $500,000 home today with 20 percent down and a 6 percent fixed-rate mortgage - a fairly typical arrangement - the I.R.S. would effectively refund about $7,125 in the first year, according to Mr. Baker's analysis. Adding a 0.9 percent property tax, the total monthly payment, net of federal taxes, would be about $2,160.

Under the new system, however, the family would receive a return of $2,250 from the I.R.S. - 15 percent of the interest at the mortgage limit of $250,000 - effectively pushing their net payment up by $400 each month. If the maximum monthly cost they could afford was $2,160, they would have to settle for a house worth about $70,000 less.

The more expensive the home, the larger the effect. According to a similar analysis by Mr. Baker, a family in the top tax bracket who today could afford a $1 million home in Manhattan would have to trim their budget by more than $200,000 to keep monthly payments the same.

Yessir! (Sorry, Yesma'am!)

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gesamter Thread:

• update US Immobilienmarkt - Cosa, 03.11.2005, 12:15
  • Re: Dank - es wird auch steuerlich ganz eng... - dottore, 03.11.2005, 14:44
    • Re: Eigenheimzulage á la USA - Cosa, 03.11.2005, 17:55